HR Teams: Calculate Salary Range Midpoint in 4 Spreadsheet Ready Steps
Learn how to calculate a salary range midpoint, use compa-ratio and range penetration, benchmark pay, and publish transparent salary ranges for marketing roles.
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Learn how to calculate a salary range midpoint, use compa-ratio and range penetration, benchmark pay, and publish transparent salary ranges for marketing roles.
Every job I list has a salary attached — no "competitive", no "DOE". After a month of listing, that's 94 UK roles from 86 employers with real, published, verified salaries. The median is £40,640. Going into the office costs you £9,000. And 44% of employers still won't give you a range.
In a huge win for job seekers, the UK government has announced plans that would require employers to include salary information in job adverts as part of new pay transparency laws. If this becomes law, employers would need to share salary details (or a salary range) before candidates apply or, at the very latest, before an interview.